One of my favourite courses at ISB has been a term 7 course called “Economics of Strategy”. When folks told me that an MBA can broaden your thinking and make you look at the same things in a very different way, I didn’t quite understand what that meant until I took this course.
The course took a very unique view on economic models and drew counter intuitive connections between economic models and business strategy as they play out in the real world. Heck, we even debated the role of game theory in promotion settings, especially in service intensive professions like Consulting, Investment Banking, and Law. We dealt with myriad industries such as aviation, breakfast cereals, microprocessors, human resources, and so on.
To top it all, we had our final exam for the course today and it was a well spent 2 hours. Not to risk giving out too much information on the final exam and getting into trouble with the school authorities, I can tell you that the exam dealt with how economic models are applied to the Web 2.0 industry, with a “very popular” website going up against a promising upstart from a search giant. Writing this exam made me think of this industry in ways I have never thought of before.
An MBA can do wonders to you if you get into it with the right attitude. I have found that taking diverse courses far away from my field of expertise or my liking has actually helped tremendously in widening my horizons. I have deliberately taken up *high risk* courses which promised to stretch my thinking and help me get the most out of this degree.